Transcription of VRS Plan Comparison Guide - Virginia Retirement System
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VRS Plan Comparison Guide - Virginia Retirement System
VRS plan 1 VRS plan 2 hybrid Retirement PLANPlan Comparison GuideThe Virginia Retirement System plan Comparison Guide provides a quick look at some of the similarities and differences among VRS plan 1, VRS plan 2 and the hybrid Retirement plan . The hybrid Retirement plan applies to most VRS members hired on or after January 1, 2014. This Guide is designed to help you understand and compare the plan provisions for these three VRS Retirement plans. For more detailed information about these Retirement plans, visit and The information contained in this document is governed by Title of the Code of Virginia . This information is intended to be general. It cannot be complete in all details and cannot supersede or restrict the authority granted by the Code of Virginia , which may be amended from time to time. NOTE: Judges should contact their benefits administrator for plan provision VRS plan 1 VRS plan 1 is a defined benefit plan . The Retirement benefit is based on your age, creditable service and average final compensation at Retirement using a formula.
HYBRID RETIREMENT PLAN Plan Comparison Guide The Virginia Retirement System Plan Comparison Guide provides a quick look at some of the similarities and differences among VRS Plan 1, VRS Plan 2 and the Hybrid Retirement Plan. The Hybrid Retirement Plan applies to most VRS members hired on or after January 1, 2014.
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